Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines
The effects of credit policy and fertilizer subsidy on farmers' input choices, production, and income are examined with a multiseason decision‐making model. Stochastic production technology, risk‐neutral and risk‐averse decision rules, short‐term savings/consumption behavior, and a dual financial ma...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
1981
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/170563 |
| _version_ | 1855539855430254592 |
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| author | Rosegrant, Mark W. Herdt, Robert W. |
| author_browse | Herdt, Robert W. Rosegrant, Mark W. |
| author_facet | Rosegrant, Mark W. Herdt, Robert W. |
| author_sort | Rosegrant, Mark W. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The effects of credit policy and fertilizer subsidy on farmers' input choices, production, and income are examined with a multiseason decision‐making model. Stochastic production technology, risk‐neutral and risk‐averse decision rules, short‐term savings/consumption behavior, and a dual financial market are considered. Results indicate the risk‐neutral rule is more consistent with actual choices than risk‐averse rules. Estimated yields increased 21% to 30% from joint credit and fertilizer subsidies. Benefits are greater on irrigated than on rainfed farms. A substantial default rate in the institutional market reduces credit program benefits. |
| format | Journal Article |
| id | CGSpace170563 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1981 |
| publishDateRange | 1981 |
| publishDateSort | 1981 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1705632025-02-19T14:02:23Z Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines Rosegrant, Mark W. Herdt, Robert W. credit fertilizers subsidies The effects of credit policy and fertilizer subsidy on farmers' input choices, production, and income are examined with a multiseason decision‐making model. Stochastic production technology, risk‐neutral and risk‐averse decision rules, short‐term savings/consumption behavior, and a dual financial market are considered. Results indicate the risk‐neutral rule is more consistent with actual choices than risk‐averse rules. Estimated yields increased 21% to 30% from joint credit and fertilizer subsidies. Benefits are greater on irrigated than on rainfed farms. A substantial default rate in the institutional market reduces credit program benefits. 1981-11 2025-01-29T12:57:06Z 2025-01-29T12:57:06Z Journal Article https://hdl.handle.net/10568/170563 en Limited Access Wiley Rosegrant, Mark W.; Herdt, Robert W. 1981. Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines. American Journal of Agricultural Economics 63(4): 655-665. https://doi.org/10.2307/1241208 |
| spellingShingle | credit fertilizers subsidies Rosegrant, Mark W. Herdt, Robert W. Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines |
| title | Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines |
| title_full | Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines |
| title_fullStr | Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines |
| title_full_unstemmed | Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines |
| title_short | Simulating the impacts of credit policy and fertilizer subsidy on Central Luzon rice farms, the Philippines |
| title_sort | simulating the impacts of credit policy and fertilizer subsidy on central luzon rice farms the philippines |
| topic | credit fertilizers subsidies |
| url | https://hdl.handle.net/10568/170563 |
| work_keys_str_mv | AT rosegrantmarkw simulatingtheimpactsofcreditpolicyandfertilizersubsidyoncentralluzonricefarmsthephilippines AT herdtrobertw simulatingtheimpactsofcreditpolicyandfertilizersubsidyoncentralluzonricefarmsthephilippines |